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Prepared For:
Muhammad Tanvir
raitanvirnasir936@gmail.com
0000000000
,

Input Summary:
Sales Price:	$1,000,000.00
Real Estate Commission (%):	5%
Mortgage Balance:	$250,000.00
Year Purchased:	2000
Property State:	Alabama

Sales Summary

Sales Price:	$1,000,000.00
Real Estate Commission:	$50,000.00
Other Expenses :	$10,000.00
Total Expenses:	$60,000.00
Net Sales Proceeds:	$940,000.00

Cost basis:	$450,000.00
Cost Of Improvements:	$100,000.00
Depreciation:	$
Net Adjusted Basis:	$
Taxable Gain:	$
Homeowner’s Exclusion:	$
Total Subject to Tax:	$

Depreciation

Residential:
Cost Basis:	$
Depreciable Amt:	$
Annual Depreciation:	$
Year of Purchase:
Years Owned:
Taken to Date:	$

Commercial:
Cost Basis:	$
Depreciable Amt:	$
Annual Depreciation:	$
Year of Purchase:
Years Owned:
Taken to Date:	$

Tax Calculation

Federal:
Net Sales Proceeds:	$940,000.00
Net Adjusted Basis:	$
Taxable Gain:	$
Federal Tax Rate:	20%%
Federal Capital Gains Due:	$28,000.00

State:
Net Sales Proceeds:	$940,000.00
Net Adjusted Basis:	$
Taxable Gain:	$
Home Owner’s Exclusion:	$
ST Tax Rate @ 13.30%:	0.133
State Tax Due:	$

Projected Tax Bill

Federal:	$28,000.00
State:	$
NIIT:	$-2,280.00
Depr Recapture (25%):	$0.00
Debt Over Basis (39.6%):	$0



Total Taxes Owed :	$44,340.00
% Profit to Tax :	11.37%

* We are not tax advisors. Review this information with your tax counsel. *

We specialize in helping clients defer or eliminate capital gain taxes. Whether you’re selling investment real estate, a primary residence, a business, cryptocurrency, boats, airplanes, or anything else, our strategies can save you tens or even hundreds of thousands of dollars.

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